For the day ahead
Ethereum would need to avoid sub-$204 levels to bring the first major resistance level at $212.36 into play.
Support from the broader market would be needed, however, for Ethereum to break out from the morning high $210.66.
Barring an extended crypto rally, resistance at $215 levels would likely limit any upside.
Failure to avoid sub-$204 levels could see Ethereum slide deep into the red.
A fall through to sub-$204 levels would bring the first major support level at $199.20 into play.
Barring an extended crypto sell-off, however, Ethereum should steer well clear of the second major support level at $191.08.
Looking at the Technical Indicators
Major Support Level: $199.20
Major Resistance Level: $212.36
23.6% FIB Retracement Level: $257
38.2% FIB Retracement Level: $367
62% FIB Retracement Level: $543
Ripple’s XRP
Ripple’s XRP rose by 3.30% on Friday. Reversing most of a 3.51% slide from Thursday, Ripple’s XRP ended the day at $0.20039.
Tracking the broader market, Ripple’s XRP fell to an early morning intraday low $0.19208 before making a move.
Steering clear of the first major support level at $0.1880, Ripple’s XRP rallied to a late afternoon intraday high $0.20257.
Ripple’s XRP broke through the first major resistance level at $0.2016 before falling back to sub-$0.20 levels.
In spite of a final hour recovery to $0.20 levels, Ripple’s XRP failed to break back through the first major resistance level.
At the time of writing, Ripple’s XRP was up by 0.56% to $0.20152. A bullish start to the day saw Ripple’s XRP rise from an early morning low $0.20035 to a high $0.20195.
Ripple’s XRP left the major support and resistance levels untested early on.
